Regreen-Excel EPC India Ltd

Regreen-Excel EPC India Ltd

Initial public offer of up to [*] equity shares of face value of Rs. 5 each (equity shares) of Regreen-excel epc india limited (company or issuer) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) (offer price) aggregating up to Rs. [*] crores (the offer) comprising a fresh issue of up to [*] equity shares aggregating up to Rs. 350.00 crores by the company (fresh issue) and an offer for sale of up to 11,450,380 equity shares aggregating up to Rs. [*] crores (offer for sale) by certain selling shareholders, comprising up to 3,944,020 equity shares aggregating up to Rs. [*] crores by sanjay shrinivasrao desai , up to 1,501,272 equity shares aggregating up to Rs. [*] crores by tushar vedu patil, up to 1,501,272 equity shares aggregating up to Rs. [*] by alimuddin aminuddin sayyed, up to 1,501,272 equity shares aggregating up to Rs. [*] crores by kiran sudhakar gavali, up to 1,501,272 equity shares aggregating up to Rs. [*] crores by rokesh luis mascarenhas and up to 1,501,272 equity shares aggregating up to Rs. [*] crores by sagar satish raut (together the promoter selling shareholders, and such equity shares, the offered shares). The offer includes a reservation of up to [*] equity shares, aggregating up to Rs. [*] crores (not exceeding 5% of the post-offer paid-up equity share capital, for subscription by eligible employees (employee reservation portion). The offer less the employee reservation portion is hereinafter referred to as the net offer. The company, in consultation with the book running lead managers, may offer a discount of up to [*] % of the offer price (equivalent of Rs. [*] per equity share) to eligible employees bidding in the employee reservation portion (employee discount) the offer and the net offer shall constitute [*] % and [*] %, respectively, of the postoffer paid-up equity share capital of the company. The company, in consultation with the brlms, may consider issue of specified securities, as may be permitted under the applicable law, aggregating up to Rs. 70.00 crores, at its discretion, with the roc ('pre-ipo placement). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. The company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken) shall be appropriately made in the relevant sections of the rhp and prospectus. The face value of equity shares is Rs. 5 each. The offer price is [*] times the face value of the equity shares. The price band, employee discount (if any) and the minimum bid lot will be decided by the company.